Short sales can be tough. Even us realtors get a little frustrated with them. What are you questions exactly? Basically what a short sale is, is when the owner of the home owes more than the fair market value of the home. Any purchase contract must be approved by the bank if there is a short fall. (offer is for less than the owner owes). Its really an easy concept, its just hard to get the bank to work quickly, in fact its almost impossible...... Thats why using a realtor can really really help. Let me know what specific questions you have, I would be happy to help. Its hard to know if the bid was a good one, without knowing the home so we can run comps on the home to determine the fair market value.
Talk to you soon,
Danielle R. Vinson